I know many people who have lost money from buying low priced "cash flow on paper" Class C properties (myself included).

@Chris Price I will be interested in the answers to this, but it seems if you ask 100 people you will get 100 different answers.

Yes, it's possible to use a 1031 exchange to roll the proceeds from selling your first rental property into a BRRRR (Buy, Rehab, Rent, Refinance, Repeat) deal, but there are a few important things to consider.

@Peter SawyerIf you see an expense, for example, that looks high you can run it by people here on the BP forums and ask for a local opinion; I'm always happy to help.

what areas are you buying in and what’s your strategy?

I've found that what I value most in regards to real estate investing are the people who know about actual home repair and can approach a sale from that perspective.

When looking into getting my first flip or rehab house there are all kinds of work that I am curious of and other people's experience.

A lot of people start out by buying a SFR & living in it for a year, rent it out and buy another primary residence.

It is quite frustrating for sure and there are no shortage of people who take advantage of others but, ultimately, unless there is significant money you are loosing ($25k+) from this due to their lack of disclosure, it usually isn't worth your time.

The suburb I'm buying into here is in the top 10 fastest appreciating cities in Ohio.